StarMedia’s Blacker exits for AOL Latin

Co. to cut staff by 25%

MIAMI — Top StarMedia sales exec Peter Blacker is defecting to AOL Latin America.

Blacker, who was senior VP of global partnerships at StarMedia, is now VP of interactive marketing at AOL Latin America.

Blacker’s departure follows the announcement of diminished expectations at StarMedia.

In its first quarter results released Thursday, company said it was lowering revenue projections and would cut staff by 25% worldwide in order to break even on the lowered target.

StarMedia reported first quarter revenue of $16 million, up from $10.1 million a year ago, but down compared to the fourth-quarter 2000’s $20.1 million.

Its first quarter loss narrowed to $31.2 million vs. $35.1 million a year ago.

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